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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar: A tiny state with global ambitions

Posted on 29 October 2010

From Telegraph: Money wasn’t a problem, of course. Qatar has been pretty comfortable for some time, ever since oil was discovered in the 1940s. But the thing that made all the difference to its cash pile – now estimated at well over £50 billion, including the Emir’s personal wealth and the Qatari sovereign wealth fund – was something called the Main Cryogenic Heat Exchanger (MCHE).
Over the past four decades, the ever-improving technology of the MCHE has revolutionised life in Qatar and made Sheikh Hamad a force to be reckoned with……………………………………….Full Article: Source


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